Town Square

Obama again approved $ 4.7 Billion new solar loans

Original post made
by Listen up, Another Pleasanton neighborhood,
on Oct 26, 2011

While most of us were still sick over the $500+. million (half-billion) in Obama's loan guarantees to Solyndra, he was again signing even larger loan guarantees....8 times larger !
On Friday, Sept 30, he approved more than $4.7 Billion in several solar guarantees, including SunPower and First Solar. Loan backing to First Solar was for $1.46 BILLION. We can only hope they don't go bankrupt ....picking and gambling on winners and losers, AGAIN.
We can only hope in these deals we, the US taxpayers, are in first pOSITION, and don't get get moved down to THIRD position for loan default payback !

Posted by Shiella
a resident of Civic Square
on Oct 26, 2011 at 6:57 pm

I guess I'd prefer that "Listen Up" was the one who invested the 4.7 billion rather than the government. But I suppose if all "Listen Up's" money is already invested in oil and coal it doesn't make much sense.

Since investing in the green industry is such a great thing, I trust that you have done so yourselves? And I don't mean the taxpayer money that the government has decided to invest on our behalf. Like those who think everyone who makes more money than them should be paying higher taxes, I suspect you've failed to put your money where your mouth is.

You really need to open your eyes, do some research, and you're likely to discover that these investments have been political payoffs to friends, supporters, and family members. The corruption continues.

Right on, pony up. If 'green' tech was so damn good, private investors would be lining up to get a piece of the action. Instead, these fly by night companies are sham industries set up for Dem money laundering (ie fundraising). Wonder if the Occupy whiners will be protesting this criminal activity.

Posted by Listen up
a resident of Another Pleasanton neighborhood
on Oct 26, 2011 at 11:53 pm

Mike, just WHO are the 'WE must invest if we want to be player in the global energy ?RACE?'. The 'market' will decide that. MOST of the DIRTY world is NOT part of any race. The world winds would make those who DO clean energy, sort of like pissing in the wind.... it will be right back at us.
Don't get me wrong, genuine, dependable,CLEAN energy is good. And, we sure need dependable, 24/7 energy. We should be going full speed on genuine, dependable,carbon-free nuclear expansion. We'll have to blanket the earth's surface to get enough solar, and we have to wait so long for it to be perfected enough to make a tiny dent in our energy supply...it's still not out of single digits yet. CUTING OFF other energy supplies is pure suicide. The most dependable, affordable, and abundant, and in a timely manner, will provide proportionally.
No, I am NOT for dirty coal....that pusher is DEMocrat Ed Markey, Mass. who is OWNED by the coal lobbyists. He tries to shut off all other sources,forcing greater use of the ready coal supply, strictly to bolster his COAL owners, who kill dozens and dozens of men every year....the deadliest energy every year.
We need investors to go forward with every source of energy to keep our economic wheels moving. But this latest 4.7 Billion for more startups, AFTER the bankruptcy, fraud, and administration's selling out of US taxpayers re Solyndra, is just a bit much.

Sheila.la.la, no one cares where or if you invest your entitlement money. What those of us who work and pay taxes care about is the misguided petitioning for more of our taxes to pay for continued failed experiments that are just a facade. Your forewarning sounds more like a threat, which is what I would expect from an intellectually vacuous leftist. The fact that I work hard for my money is exactly why we should not be wasting it.

Posted by Stacey
a resident of Amberwood/Wood Meadows
on Oct 31, 2011 at 9:51 amStacey is a registered user.

Yes, let's do that. Is it a risky loan where the government ignored their own fiscal prudence and fiduciary responsibility to the American people? Let us not excuse anyone because of their party affiliation.

Don't miss out on the discussion!Sign up to be notified of new comments on this topic.

Email:

Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online.
Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information
and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name:*

Select your neighborhood or school community:*

Comment:*

Verification code:* Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.